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Funny... I hear ya but you know the irony of that is that reading "Mr Know it all" posts is an exercise in psychology itself and many of us in this thread failed by going for the bait and actually validating and perpetuating his efforts to degrade, insult, attempt to outwit or outshine other...

I dont think trading is something that can only be broken down into what appears to be the obvoius components such as money management, fundamentals, pyschology and/or a few technical indicators....whatever. Tons of books out there have been written on trading and yet there are some things...

Short term rally on or about Oct 2 2008 that could last about 1- 2 weeks before continuation of the down trend.

I think you can get 100% at Echo but you need a Series 7.

Even if there were firms that would allow you to come in with no deposit and no license, they would most likely rape you in the form of commissions and/or profit splits. This would make it virtually impossible to make any real money and they know it all too well but thats their business model...

Ironically, its exactly one of the reasons I chose to do it. I don't want a proffession where there is no challenge in becoming successful. Money aside for a moment, if any Joe or Mary can do it then there is no real sense of accompolishment. Trading has the potential to boost your bank...

Good point but maybe thats how she stumbled upon the idea in the first place. i.e. the proverbial light bulb lit up while she was teaching her own kid and the kid's friends how to cook. My guess is that she has a majority of relatively wealthy clients who could not be bothered to teach their...

Proptrader35, I studied hard for about 3 months. I took my 7 in March of 08 and scored a 90. I used the smart7 program http://passperfect.com/ in combination with a CD from Kaplan that has over 3000 questions. I believe it's best to have two sources of information because no source...

Believe in your trading system and give it time to work because if you turn out to be wrong then at least you can deal with that pyschological pain better than if you were right and had simply changed your mind. Missing out on juicy profits because you changed your mind...that hurts even more...

Driving a bread route on the graveyard shift worked fine for me. I think it's practically impossible to make it unless you either have supplemental income or enough money to live on for at least 6 months or more plus your trading capital. Depends on your lifestyle but if we assume we are...

The group A trader is truly a rare breed but chances are you would not know one if he were standing in front of you. There is no distinguishing characteristic or behavior pattern that will give him away. They blend into a crowd very well and nobody knows there is a big S under that shirt and...

That is an excellent post. Words of wisdom pure and simple. Thanks for posting it.

Only live trading will teach you what you need to know in the context in which you need to know it. Textbook knowledge, back testing and money management is one thing but only live trading can teach you the other important element ...Psychology. If it were not for the fact that we are human...

I think there are essentially 3 things that need to be in sync in order to be a successful trader... but not necessarily in the following order... 1) entry exit strategy 2) mental discipline to carry the strategy i.e. not easily spooked by minor market fluctuations while attempting to ride...

I'm not a millionaire trader but probably would not claim to be one if I were. I initially came to ET to learn but I've resigned on that notion a while back and now get most of my information from books. I now come to ET mostly for entertainment. Every once in a while I read something thats...

I come from the "nothing works on it's own" school of thought otherwise everyone would be rich simply using PP's. There is no magic indicator or analysis tool for that matter. I dont think any PP will work consistently in a vacuum but if used in combination with such things like a flattening...

There is no doubt that knowledgable people exist on ET but I personally would not rely too heavily on the accuracy of their answers... especially on a subject like taxes (tax laws are always changing) My suggestion is to consult with an "expert on trader taxes" after you have proven or...

I think any job that allows you to watch the market by day is your best option. It really sucks working at night but a man has to do what a man has to do. Sacrifice and do whatever it takes to get to your goals.

Thats exactly what I was thinking... maybe some strategys can be but I highly doubt my system could be reversed engineered. As far as technical analysis goes, there are x number of variables and x number of confluence points between all those variables; not to mention other non-technical...

Spoken like a true trader. I think you and I are on the same page here. When you wake up in the morning everyday, just say to yourself...."what can I do today to move me closer to my goals" and then set out to do it. Applied knowledge is power. Never lose sight of your goals and I think you'll...